Europe, Middle East and Africa Markets

 abdooli.jpgMobile Satellite Services operator Thuraya Telecommunications Company, today announced the election of a new Chairman, Eng. Saleh Al Abdooli. Eng. Saleh Al Abdooli, who has served as Chief Executive Officer of Etisalat UAE since 2012, joined Thuraya’s Board of Directors at a Board meeting held today and was elected Chairman.

yona-ovadia.jpgGilat Satellite Networks (NASDAQ, TASE: GILT) announced today that it has appointed Yona Ovadia as its new Chief Executive Officer, effective March 31, 2016, replacing Dov Baharav, who shall remain Gilat's Chairman of the Board of Directors.

  skot-butler_0.jpgIntelsat S.A. (NYSE:I),  today announced the promotion of Skot Butler to President of Intelsat General Corporation, a wholly owned subsidiary that provides satellite communications solutions to military, commercial and government customers. Butler, who will begin his new role on April 4, 2016, will continue to be based in McLean, Virginia.

C-COM Satellite Systems Inc. (TSXV: CMI), a leading global provider of mobile auto-deploying satellite antenna systems, announced today financial results for the fiscal year ended November 30, 2015 posting its 11th consecutive profitable year.

The company has generated revenues of $10,374,748 and a net after tax profit of $1,596,680 or 4 cents per share. This compared with revenues of $13,205,778 and a net after tax profit of $2,805,033 or 8 cents per share as reported in 2014, representing a decrease of 21.4% and 43.1% respectively.

The global Set Top Box (STB) market size is expected to reach USD$ 25.45 billion by 2022 according to a new report by Grand View Research, Inc. Technology proliferation and increasing demand for high-quality picture and sound is anticipated to boost global set top box market growth. Increasing demand for IPTV models in developed regions from North America and Europe has further bolstered industry growth. Additionally, abridged prices of smart TVs and growing availability of HD channels across all platforms are expected to push demand for advanced STB devices.